We actually do a lot of this automatically. Most mail servers, when they feel like they are getting too many emails from one sender (like Marketo) will send us a soft bounce back saying we should wait.
The mail sending infrastructure will them wait before trying again, rather than trying to force everything through and having them bounce. Now, we currently don't have a way for manual control, but the process works well if you just need the email to get delievered when possible.